International Law Perspective on Entrepreneurship

Abstract

Fomcenco and Garufi point out that entrepreneurship, as a concept, is not dealt with in international law. The authors note that, traditionally, the law is presumed to be closely connected to an identified territory where a state has the supreme right to exercise its jurisdiction. On the contrary, states often work together toward the achievement of common goals or, alternatively, cooperate toward the achievement of different goals, where those goals are achievable by means of collaboration. International entrepreneurs find themselves at the crossroad of these jurisdictions and are challenged by (sometimes) conflicting sets of rules. The authors call for further research that potentially may lead to the identification of feasible legislative solutions to the myriad of issues entrepreneurs and investors with international activities are facing.